Hi guys,
I live in Hancock County and have an old lease with "at the wellhead" language in it. West Virginia is supposed to be a "first marketable product" state in terms of receiving royalties. So, the old leases that state we are to receive a 1/8th royalty at the wellhead of all hydrocarbons produced means that there should be no deductions taken out of our royalties whatsoever and that we get 1/8th of the amount received at the point of sale.
Are Chesapeake and other operators paying true gross royalties as they are supposed to under WV law in your neck of the woods?
Thanks, Todd
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